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Consolidated Balance Sheets - USD ($)
Dec. 31, 2017
Dec. 31, 2016
CURRENT ASSETS:    
Cash $ 4,968,915 $ 5,412,495
Accounts receivable, net 4,259,468 2,181,787
Prepaid expenses 321,035 361,777
Lease merchandise, net 21,415,322 18,570,460
Total current assets 30,964,740 26,526,519
PROPERTY AND EQUIPMENT, net 2,948,164 2,540,514
OTHER ASSETS, net 95,722 88,591
Total assets 34,008,626 29,155,624
CURRENT LIABILITIES:    
Current portion of loan payable under credit agreement to beneficial shareholder net of $118,404 of unamortized issuance costs 14,094,096
Accounts payable 7,702,145 3,917,747
Accrued payroll and related taxes 404,346 296,333
Accrued expenses 786,095 259,104
Total current liabilities 22,986,682 4,473,184
Loan payable under credit agreement to beneficial shareholder net of $39,468 in 2017 and $631,488 in 2016 of unamortized issuance costs and current portion 4,698,032 10,156,719
Total liabilities 27,684,714 14,629,903
COMMITMENTS
STOCKHOLDERS' EQUITY    
Series 1 Convertible Preferred stock, $0.001 par value- authorized 250,000 shares, issued and outstanding 239,405 shares in 2017 and 243,065 in 2016 at $5.00 stated value 1,197,025 1,215,325
Series 2 Convertible Preferred stock, $0.001 par value- authorized 25,000 shares, issued and outstanding 21,952 shares at $1,000 stated value 21,952,000 21,952,000
Common stock, $0.0001 par value- authorized 15,000,000 shares, issued and outstanding 5,294,501 shares in 2017 and 5,287,281 in 2016 529 529
Additional paid in capital 22,445,691 22,298,439
Accumulated deficit (39,271,333) (30,940,572)
Total stockholders' equity 6,323,912 14,525,721
Total liabilities and stockholder's equity $ 34,008,626 $ 29,155,624